Are the last 3 answers correct? 40-42?

effects EXCEP increasing the share price J1. Critics of buy backs focus on all of the following issues EXCEPT C poor timing of buy back decisions O avoidance of taxes by shareholders artificial boosting of EPS pro-cyclicality of buyback trends vis a vis market trends 42. Companies may prefer returning cash to shareholders via buybacks bec buybacks are pro-cyclical b. buybacks raise the Price/Earnings multiple c. buy backs are cheaper than issuing dividends d. markets are more sensitive to changes in buyback program dividends e. buybacks can boost EPS